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Mortgage Services

First Time Buyers

Getting a mortgage through Landmark Group is easier than you think…

As a first-time home buyer, you probably have many questions. That’s why Landmark Group offers step-by-step personal assistance from knowledgeable Real Estate and mortgage specialists and an online application process.

We’ll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home.

Step 1: Understanding what’s involved.
To help you gain an understanding of your options, and where you can get answers, call us.

Step 2: Getting Pre-Qualified.

With a pre-qualified mortgage you will:

  • Know how much you can afford and what your payment will be.
  • Lock in your interest rate at today’s rate (or lower if rates drop).
  • Demonstrate that you are a serious buyer, which can help you in negotiations with sellers and their agents.

To begin your pre-qualification, click on the link below and complete this application form. A mortgage specialist will be in touch with you within 24 hrs.



Thinking of renovating your home? Want to consolidate debt? We make it easy to use the equity in your home to help achieve these goals. It’s a lower cost way to borrow allowing you to access additional funds by adding them on to your existing mortgage.

With Mortgage home-equity-line-of-credit Option, you can use the money whenever you want, for whatever you want, including:

  • Renovating your home.
  • Purchasing another property.
  • Buying a car or boat.
  • Paying for your child’s education.

Consolidate and Save

This Mortgage Option allows you to refinance your mortgage to consolidate your debt- including high interest credit card balances and loans – at a lower rate of interest. Just imagine how much you’ll save! Plus, you’ll enjoy the added convenience of having all your debt in one place, where you can pay it off each month.

New Construction

New Constructions

Landmark Group through its lenders offers you a great advantage when building your own home. This, coupled with a line of credit throughout the building process, can greatly enhance the quality and value of this project, while maintaining a sense of control over this great financial commitment.

What documentation is required in order to apply?

  • Construction contract including costs.
  • Construction plans or blueprint of the home.
  • If self building, all quotes for labour and material.
  • Site preparations including municipal services for the lot.
  • For the land, a copy of the deed as evidence of owners and/or a copy of the purchase and sale agreement.
  • Confirmation of required funds to bring construction to 35% completion stage.
  • Confirmation of income/employment.

Note: Other documents may be required.

Undivided / Divided Properties

Undivided Ownership:

  • Total mortgage loan value up to 80% of property assessment with our lenders (conventional loan).
  • Real estate notary accredited.
  • Entire project must be financed with same institution.

Divided Ownership:

  • Can be financed up to 95 % of property value. Note: Certain condition applies, contact us for more details.

Loans for Commercial and Semi-Commercial Buildings

Standard Requirements:

*Please bear in mind that the commercial files are considered case-by-case; the ideal would be to present your portfolio to Landmark Financial group so we may evaluate your options.

Note: Certain condition applies, contact us for more details.

Multi-Unit Properties


What is the difference between a mortgage broker and a lending institution?

A mortgage broker is an independent certified mortgage specialist.

Compared to a bank, a mortgage broker has access to a number of products offered by all financial institutions.

A bank simply offers their products. A mortgage broker can shop around and find the best product which suits your personal financial situation.

All in all, a mortgage broker works for you rather than a specific financial institution.

Why should I use a mortgage broker?

With the option of a wide variety of products, the services a mortgage brokers offers are flexible rather than the few a bank specialist can provide you with.

We have access to unadvertised rates.

We offer unbiased knowledgeable financial advice.

How much can I afford to pay for a home?

Follow the link below to our calculator page to determine how much you can afford to pay for your home:


What is the minimum down payment that is needed when purchasing a home?

In most cases, you need a minimum of 5% of the total loan amount for a down payment.

In addition to the down payment, you must also be able to show you have the funds to cover other closing costs of the mortgage (legal fees, disbursements, and appraisal fees).

For any down payment that is less than 20% of the total value, loan insurance is required (see loan insurance below for further information).

What is the difference between a variable rate mortgage and fixed rate mortgage?

A fixed rate mortgage has a pre-determined interest rate at the beginning of the loan term. The advantage of this type of mortgage is that the rate stays the same throughout your full mortgage term which in turn lets you plan accordingly for your monthly payments.

A variable rate mortgages has a fluctuating interest rate (which depends on the market conditions) throughout the loan term. If the rate drops, more of the payment goes towards reducing the principal. If the rate goes up, a larger portion of your monthly payments funds the interest.

What documentation is required to obtain a mortgage?

Along with our credit application, the following documents are usually required for the lender:

  • Signed Landmark Financial Group Credit Application / Consent Form
  • Two pieces of personal identification (driver license, medicare, etc.)
  • Employment information including confirmation and proof of income
  • Proof of financial assets
  • Information and details of all bank accounts, loans, and any other debts
  • Source and amount of down payment
  • Proof of source of funds for the closing costs (is usually 2.5% of purchase price)

* Please note other documentation may be required.

What is a mortgage pre-approval?

A mortgage pre-approval provides you with a guaranteed interest rate from the lender for a specific amount of time. This amount of time is usually 120 days and qualifies you for a pre-set amount of money.

The amount a client is usually qualified for on a mortgage pre-approval is based on information provided by the client and must be verified once more if the mortgage is followed through on. Conditions which would need to be verified would include employment information, proof of down payment, property information, etc.

Can I use funds which were given as a gift for the down payment?

Funds given to a client as a gift from family members are acceptable as a down payment from most lenders. A gift lender signed by the donor and receiver of the funds is always required to confirm the funds are actually a gift and not a loan.

When should I renew my mortgage?

Most lenders send out their mortgage renewal notices 90 days in advance. These renewals usually offer their clients the posted mortgage rates. These rates offered by lenders are never their best rates, so it is always worthwhile to shop around for the best rate from various lenders.

How can I pay off a mortgage sooner?

There are many options when it comes to paying off a mortgage sooner.

  • Select an accelerated bi-weekly or weekly payment schedule.
    Select a shorter amortization length at renewal
    Make a payment of up to double the amount

Can I use an RRSP for a down payment on my first home?

As a first time buyer, you can use up to $25,000 of your existing RRSP’s to help you make the down payment.

What is mortgage loan insurance?

Mortgage loan insurance is provided by Canada Mortgage and Housing Corporation (CHMC), Genworth Financial, and Canada Guaranty.

This insurance is required by law to insure lenders against defaults on mortgages with a loan to value ratio which is greater than 80%.

The insurance premiums can range from .50% to 6.00% and are paid by the borrower. They are usually added directly to the mortgage amount.

Is it possible to qualify for a mortgage if I have been declared bankrupt?

Some lenders still consider you eligible for a mortgage although you have faced bankruptcy. This decision varies from lender to lender and ultimately depends on the circumstances surrounding the bankruptcy. If you believe this will be a problem, please consult us for more information.

What is a Home Inspection?

A home inspection is a visual examination of a property by a professional to determine the overall conditions and value of a property. The inspector gives the results of the inspection in writing to the home owner within 24 hours.

Is it important to have a home inspection done?

It is recommended to have a home inspection done before finalizing a purchase decision.

Be sure to check out our ABC’s of Financing!